West Australian gold exploration and development company, Rox Resources (ASX:RXL) has appointed BurnVoir Corporate Finance as financial adviser to arrange debt financing for the development of the Company’s 100% owned Youanmi Gold Project in Western Australia.
BurnVoir will work with Rox to secure an attractive, flexible funding package for the development of Youanmi, designed to maximise value for shareholders. BurnVoir has arranged development and corporate finance facilities for a number of leading Western Australian mining companies in recent years, including Sandfire Resources, Pilbara Minerals and IGO Ltd.
Rox Resources’ Chief Financial Officer, Greg Hoskins, commented:
“Rox plans to run the debt financing process in parallel with other Youanmi DFS workstreams. The appointment of BurnVoir will provide Rox with the expertise to assess the various funding options available and allow the Board to make a Final Investment Decision shortly after delivery of the DFS. We believe this will ensure that the funding solution will be the best fit for all stakeholders.”
Rox Resources’ Managing Director & Chief Executive Officer, Phillip Wilding, commented:
“Rox has received strong representation from multiple parties interested in providing debt financing to the Project and the appointment of BurnVoir will help secure the most attractive project financing for the Company. BurnVoir has extensive experience in arranging development funding for high quality projects such as Youanmi, and we look forward to having BurnVoir as part of our team.
The appointment of BurnVoir is another important step on our accelerated pathway to gold production at Youanmi.”
